More good news from S&P/Case-Shiller today.
Today’s release covers the 20-city composite index, the 10-city composite index, and the national home price index that’s released quarterly.
This release is for September, but Case-Shiller uses data for three-month spans, which means that today’s numbers include sales all the way back to July.
From the press release Home Prices Rise for the Sixth Straight Month; According to the S&P/Case-Shiller Home Price Indices:
Data through September 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, showed that home prices continued to rise in the third quarter of 2012. The national composite was up 3.6% in the third quarter of 2012 versus the third quarter of 2011, and was up 2.2% versus the second quarter of 2012.
In September 2012, the 10- and 20-City Composites showed annual returns of +2.1% and +3.0%. Average home prices in the 10- and 20-City Composites were each up by 0.3% in September versus August 2012. Seventeen of the 20 MSAs and both Composites posted better annual returns in September versus August 2012; Detroit and Washington D.C. recorded a slight deceleration in their annual rates, and New York saw no change.
A couple of graphs from the press release — the first shows the percentage change in each index year-over-year:
And here’s the national index, showing both the nominal value and the year-over-year change:
And this from Calculated Risk, which adjusts the S&P/Case-Shiller data for inflation. This looks to be right where it should be:
